:00:07. > :00:09.Hello, I'm Ros Atkins, this is Outside Source.
:00:10. > :00:12.President Trump has signed executive orders to reverse blocks on two
:00:13. > :00:26.We will build our own pipeline. We will build our own pipes. That's
:00:27. > :00:38.what it has to do with, like we used to in the old days.
:00:39. > :00:40.The UK Supreme Court has ruled that Parliament, not the Government,
:00:41. > :00:42.should be responsible for triggering the Brexit process.
:00:43. > :00:44.We'll report from Westminster and from Brussels.
:00:45. > :00:46.Israel has approved plans to build 2500 new homes
:00:47. > :00:48.in the occupied West Bank, the second announcement
:00:49. > :00:52.of new construction since President Trump took office.
:00:53. > :00:55.And not a good day for the bookmakers, just as we thought,
:00:56. > :01:15.La La Land is leading the way in the Oscar nominations.
:01:16. > :01:17.Donald Trump has revived plans for two hugely
:01:18. > :01:21.They're called Keystone XL and Dakota Access.
:01:22. > :01:31.We can see them here on this map supplied by the authorities.
:01:32. > :01:39.Keystone is in green. It runs from Canada to Kansas. Dakota Access
:01:40. > :01:43.would run from north Dakota to ill now. -- Illinois.
:01:44. > :01:47.Here is a statement released by senator Bernie Sanders.
:01:48. > :01:50."Today President Trump ignored the voices of millions and put
:01:51. > :01:53.the short-term profits of the fossil fuel industry ahead
:01:54. > :02:00.This, though, is how the President sees things.
:02:01. > :02:09.This is construction of pipelines in this country. We are and I am very
:02:10. > :02:13.insistent that if we're going to build pipelines in the United
:02:14. > :02:18.States, the pipes should be made in the United States. Unless there's
:02:19. > :02:23.difficulty with that because companies are going to have to gear
:02:24. > :02:26.up, much pipeline is bought from other countries. From now on we will
:02:27. > :02:32.make pipeline in the United States. We build it in the United States, we
:02:33. > :02:35.build the pipelines. We want to build the pipe. Got to put a lot of
:02:36. > :02:38.steel workers back to work. A short while ago,
:02:39. > :02:46.the White House press secretary, "This decision will create jobs and
:02:47. > :02:51.that the environment is a priority." President Trump is known to have had
:02:52. > :02:54.partial investments in two of the parent companies overseeing the
:02:55. > :02:57.development of the Dakota Pipeline. A spokesperson for him announced
:02:58. > :02:59.late last year that he'd sold off his stocks, but it remains unclear
:03:00. > :03:04.when that occurred. Let's go now to
:03:05. > :03:10.Washington to Katty Kay. The President would have been under
:03:11. > :03:16.no illusions how controversial this would have been. No President Obama
:03:17. > :03:20.delayed this to carry out environmental studies because of his
:03:21. > :03:25.concerns from environmentalists. In some ways this is not really an
:03:26. > :03:29.economic issue. This has become a symbol of the environmental fight of
:03:30. > :03:32.the concerns for the environment versus creation of jobs. It's clear
:03:33. > :03:35.that, under the Trump administration, jobs are going to
:03:36. > :03:39.win. I spoke it a senior Republican senator just after that signing took
:03:40. > :03:43.place. He sits on the energy committee, on the environmental
:03:44. > :03:48.committee and he told me that he's thrilled by this. It shows that
:03:49. > :03:52.Donald Trump really is committed to two things: Deregulation and
:03:53. > :03:57.building jobs in the United States. Now environmentalists really hate
:03:58. > :04:02.the Keystone pipeline and Dakota pipeline, one, because it goes
:04:03. > :04:07.through hallowed ground of native Americans and on the Keystone
:04:08. > :04:12.pipeline, it's bringing oil from the tar sands of Canada, one of the most
:04:13. > :04:15.environmentally unfriendly ways to extract oil from the ground. On a
:04:16. > :04:19.lot of fronts environmentalists don't like this. When you speak to
:04:20. > :04:22.the Republicans you're referring to, who are delighted about this, do
:04:23. > :04:26.they care that this potentially makes them look as if they disregard
:04:27. > :04:31.the environment or do they reject that argument outright? You hear
:04:32. > :04:35.Donald Trump today also saying that he is an environmentalist. They will
:04:36. > :04:38.tell thaw they are concerned about the environment and the Republican
:04:39. > :04:42.senator I spoke to said we can have clean air and we can have clean
:04:43. > :04:45.water and we can do it in conjunction with jobs, the two don't
:04:46. > :04:51.have to be set up against each other. Critics of the pipe lines say
:04:52. > :04:55.that's not possible. You heard Bernie Sanders saying that America
:04:56. > :04:58.is sacrificing the long-term future of the planet for the fossil fuel
:04:59. > :05:01.industry. Make no mistake about it, though, this is a change that is
:05:02. > :05:07.going to stay here in the United States. Donald Trump made it
:05:08. > :05:12.absolutely clear during his campaign that he favoured more energy
:05:13. > :05:16.exploration, production and use and he is in favour of deregulating the
:05:17. > :05:19.fossil fuel industries. Environmentalists won't like it, but
:05:20. > :05:25.it's here to stay. Here is the second thing to ask you about. Let
:05:26. > :05:26.me show this to you. A short while ago, the whous press secretary Sean
:05:27. > :05:39.Spicer held a briefing. His first two appearances in the job
:05:40. > :05:42.both featured him defending Mr Trump's erroneous claims
:05:43. > :05:44.that the inauguration crowd The one today featured Mr Spicer
:05:45. > :05:47.defending Mr Trump's renewed claim that there were millions
:05:48. > :05:50.of fraudulent votes in the election. It's a claim backed up by no
:05:51. > :05:55.evidence whatsoever. REPORTER: Does the President believe
:05:56. > :05:58.that millions voted illegally in that election and what evidence do
:05:59. > :06:00.you have of widespread voter fraud, if that's the case? The President
:06:01. > :06:03.does believe that. He stated that before. He stated his concerns of
:06:04. > :06:10.voter fraud and people voting illegally during the campaign. He
:06:11. > :06:14.continues to maintain that belief. REPORTER: Exactly what evidence.
:06:15. > :06:17.Senator Ryan says that's there evidence, the national association
:06:18. > :06:19.of secretaries of states say they don't agree with the President's
:06:20. > :06:24.assessment, what evidence do you have? As I said, I think the
:06:25. > :06:27.President has believed that for a while based on studies and
:06:28. > :06:32.information he has. Back to catty. He's got a tough job, Mr Spicer,
:06:33. > :06:36.defending the claims when there's nothing to back them up. Key words,
:06:37. > :06:39.studies and information. Of course, we want to though what the studies
:06:40. > :06:43.and information are because nobody else has seen any evidence
:06:44. > :06:49.suggesting there was widespread voter fraud. You've had Republican
:06:50. > :06:53.secretaries of state and officials say widespread voter fraud and
:06:54. > :06:56.illegal immigrants voting or people voting illegally simply did not
:06:57. > :07:02.happen in their state. He's setting himself up against the Republican
:07:03. > :07:05.establishment here. Why? Why say something like this that dominates
:07:06. > :07:10.the news cycle when you're doing an awful lot in terms of actual policy
:07:11. > :07:14.changes that may very well be quite popular with American voters, but
:07:15. > :07:19.then gets overshadowed by something like this. Sean Spicer couldn't
:07:20. > :07:22.point to those documents and evidence and studies because as far
:07:23. > :07:25.as we know, they simply don't exist. Those are the two issues I was
:07:26. > :07:28.planning to ask you about, I have one other thing. I was listening to
:07:29. > :07:31.a clip of Donald Trump at the beginning of the programme, I
:07:32. > :07:35.thought, there's an interesting phrase in what he said earlier. Just
:07:36. > :07:41.listen to this again and his reference to the past. We will build
:07:42. > :07:45.our own pipeline. We will build our own pipes. That's what it has to do
:07:46. > :07:53.with. Like we used to, in the old days. The old days, he's talking
:07:54. > :07:56.about. There say nostalgia about the way Mr Trump ran his campaign and
:07:57. > :07:59.now how he's running his presidency. It's interesting that you picked
:08:00. > :08:04.that up. I was thinking exactly the same thing when I heard it. That's
:08:05. > :08:08.what the phrase "make America great again" you could argue the most
:08:09. > :08:13.important word in that phrase is "again". There is a nostalgia in
:08:14. > :08:18.this administration for an era where there was less crime and less drugs
:08:19. > :08:23.and things were simpler and people had jobs and arguably at a time when
:08:24. > :08:28.America was whiter and more homogeneous. Is Mr Trump running up
:08:29. > :08:31.against the course of history? Has the globalisation train left the
:08:32. > :08:35.station? And is he going to find that he cannot take America back to
:08:36. > :08:40.a world where protectionism ruled and things were made only in America
:08:41. > :08:43.and that world has changed, that technology is changing that world,
:08:44. > :08:47.frankly, as fast as anything else. And this idea that it's going to be
:08:48. > :08:51.like the old days, it really isn't, because I'm moves forward. It is
:08:52. > :08:54.doing so at a very fast pace right around the world. Thank you very
:08:55. > :09:00.much indeed. We'll speak through the week.
:09:01. > :09:05.That issue of protectionism, we will speak to Samira Hussain in New York
:09:06. > :09:10.about that. Mr Trump has been talking to the US autoindustry. The
:09:11. > :09:13.message is, if you want to sell cars in the US, make them in the US. Back
:09:14. > :09:16.to Washington and New York in a little white. We must turn to what
:09:17. > :09:21.has been by far the biggest story here in the UK today.
:09:22. > :09:24.The UK Supreme Court has ruled the British Parliament must
:09:25. > :09:26.approve the formal start of Brexit negotiations.
:09:27. > :09:28.In other words, Prime Minister Theresa May can't take
:09:29. > :09:32.Let's go through the reaction of the parties.
:09:33. > :09:40.Here's Jeremy Corbyn, leader of the Opposition Labour Party.
:09:41. > :09:47.We want to make sure that process goes ahead, but we also want to make
:09:48. > :09:51.sure that our Government is held to account throughout this process, so
:09:52. > :09:58.they don't turn Britain into a tax haven on the shores of Europe. We
:09:59. > :10:03.actually maintain living standards being, we improve -- standards, we
:10:04. > :10:06.improve living standards and improve workers' rights and have market
:10:07. > :10:10.access to Europe. That's the Labour Party. Next let's talk about another
:10:11. > :10:13.significant elements of this ruling. is that the Scottish Parliament
:10:14. > :10:15.and the Welsh and Northern Irish Assemblies, will not be formally
:10:16. > :10:18.asked to approve the triggering Here's Scotland's First
:10:19. > :10:31.Minister, Nicola Sturgeon. I think it's a matter of democratic
:10:32. > :10:34.principle that the Scottish Parliament, on such a big,
:10:35. > :10:37.fundamental issue, with so many implications for the devolved
:10:38. > :10:41.settlement should have a say on whether or not it consents to the
:10:42. > :10:44.triggering of Article 50. We will forward a motion that allows the
:10:45. > :10:45.Scottish Parliament to do that. I would hope the UK Government would
:10:46. > :10:53.pay attention to it. Tim Farron, leader of
:10:54. > :10:55.the Liberal Democrats tweeted, "The Lib Dems are clear,
:10:56. > :10:58.we demand a vote of the people on the final deal and without that,
:10:59. > :11:01.we will not vote for A 50." The biggest single question
:11:02. > :11:05.here is whether this ruling will delay the start
:11:06. > :11:08.of the Brexit negotiations. Brexit secretary, David Davies,
:11:09. > :11:17.doesn't think so. P We will, within days, introduce
:11:18. > :11:22.legislation to give the Government the legal power to trigger Article
:11:23. > :11:26.50 and begin the formal process of withdrawal. It will be separate to
:11:27. > :11:29.the great repeal bill that will be introduced later this year, to
:11:30. > :11:35.repeal the European Communities Act 1972. This will be the most
:11:36. > :11:39.straightforward bill possible to give effect the decision of the
:11:40. > :11:44.people and respect the Supreme Court's judgment. The purpose of the
:11:45. > :11:46.bill is simply to give the Government the power to invoke
:11:47. > :11:51.Article 50. On one level, it looks to be hugely
:11:52. > :11:56.significant and it's certainly a high profile defeat
:11:57. > :11:58.for the Government. On another level, the time table
:11:59. > :12:01.of Brexit doesn't appear Here's Rob Watson at Westminster
:12:02. > :12:10.with his reading of the story. On one level, it is deeply
:12:11. > :12:12.significant if you're interested in the constitutional, legal
:12:13. > :12:16.arrangements for the United Kingdom. But actually, will it have much
:12:17. > :12:19.difference, make much difference politically? I don't think so. I
:12:20. > :12:23.mean, it's true that the Supreme Court has now said it's Parliament
:12:24. > :12:26.that has to give approval, not just the Prime Minister. But of course,
:12:27. > :12:29.that would only be a massive story if Parliament were somehow going to
:12:30. > :12:34.come to the rescue of those would want Britain to stay in the European
:12:35. > :12:39.Union. Though it's perfectly true that most MPs personally voted to
:12:40. > :12:43.remain, I don't think there's any mood or majority for somehow
:12:44. > :12:48.blocking or delaying Brexit. Big day legally. Is it going to somehow
:12:49. > :12:52.stop, complicate, super delay Brexit? I don't think so.
:12:53. > :12:56.Run us through exactly what has to happen in the House of Commons and
:12:57. > :13:00.the House of Lords before Article 50's triggered. In the next couple
:13:01. > :13:03.of days, possibly as early as Thursday, the Government will
:13:04. > :13:06.introduce a bill, presumably a very short one basically saying something
:13:07. > :13:10.like, we recognise that the Government should now begin the
:13:11. > :13:14.Article 50 process. That will then have to be voted on in the House of
:13:15. > :13:17.Commons and in the House of Lords. Ideally from the Government's point
:13:18. > :13:21.of view, all in the next couple of weeks. A quick word about the
:13:22. > :13:24.Opposition Labour Party. The majority of its MPs supported
:13:25. > :13:29.staying in the European Union. How's it going to play this issue? The
:13:30. > :13:33.Opposition Labour Party is just in a horrible position. What it's saying
:13:34. > :13:36.it will do is it won't block Brexit, but it will try to hold the
:13:37. > :13:40.Government to account. I say the Opposition Labour Party's in a
:13:41. > :13:44.horrible position because half of its MPs represent constituencies
:13:45. > :13:48.where people voted to leave the European Union. About the other half
:13:49. > :13:52.of their MPs voted in constituencies where people very much wanted to
:13:53. > :13:57.remain in the EU. It's in a very, very difficult position. Actually,
:13:58. > :14:01.to get the big politics picture on this, I don't think that the real
:14:02. > :14:04.problems for Theresa May are going to be managing Parliament, at least
:14:05. > :14:08.in the short-term. Her real political problems are going to be
:14:09. > :14:12.when her Brexit plan meets the reality of negotiating with the
:14:13. > :14:18.other EU 27 and perhaps even longer term than that, in keeping the union
:14:19. > :14:22.here in Britain together, because this court ruling very much upset
:14:23. > :14:28.the Scottish National Party, which is saying possibly it brings a
:14:29. > :14:34.second referendum that bit closer. Having heard Rob say perhaps Theresa
:14:35. > :14:40.May's greatest challenge is in Brussels, I spoke to Jonny Dymond
:14:41. > :14:44.who's there. If you want to sum up the feeling here it's four words:
:14:45. > :14:48.Get on with. It the desire very strongly of officials and
:14:49. > :14:52.politicians in Brussels and in other European capitals is that the Brexit
:14:53. > :14:57.negotiations start soon, finish on time and are done with. I think
:14:58. > :15:00.there is an absolute resignation to the fact that Britain is going to
:15:01. > :15:05.leave the European Union. And what leaders of the EU and the officials
:15:06. > :15:08.here in the EU do not want under any circumstances is for Brexit to be
:15:09. > :15:14.the only thing that is discussed in the European Union for the next two,
:15:15. > :15:18.three, five years. There are very major challenges, some of them
:15:19. > :15:21.nothing to do with Brexit, the migration crisis, there is still a
:15:22. > :15:27.banking system to be reformed. There are still the crisis of the euro.
:15:28. > :15:31.Then there are issues thrown up by Brexit, which are not directly
:15:32. > :15:35.related to Britain leaving. That's issues such as how to restore some
:15:36. > :15:38.kind of popular legitimacy to the European Union. What they don't want
:15:39. > :15:42.to be doing is talking the fine details of Brexit, when they want to
:15:43. > :15:44.be trying to work out how to strengthen and maintain the union.
:15:45. > :15:49.For them, getting some kind of certainty over what's going to
:15:50. > :15:52.happen in the next few weeks and getting certainty that Article 50,
:15:53. > :15:55.that resignation note, will be triggered on time, by the end of
:15:56. > :16:03.March, by Theresa May, is the most important thing.
:16:04. > :16:12.In the a few minutes it's Outside Source business.
:16:13. > :16:14.Coming up in a few minutes, on the same day he revives
:16:15. > :16:16.controversial oil pipeline project, Donald Trump tells autoexecutives
:16:17. > :16:18.that to a large extent, he's an environmentalist.
:16:19. > :16:21.We'll pick up on that with Samira Hussain in NYC.
:16:22. > :16:24.A man who was on holiday with his wife in Tunisia has said
:16:25. > :16:26.the Thomson staff he booked the holiday with didn't warn them
:16:27. > :16:29.about any potential security risks, just a month before terrorists
:16:30. > :16:35.Jim Windass, whose wife Claire was killed in the Sousse attack
:16:36. > :16:38.in May 2015, also told the inquest that Thomson staff didn't mention
:16:39. > :16:42.the Foreign Office travel advice available online.
:16:43. > :16:44.Our correspondent, Richard Galpin, was at the
:16:45. > :16:54.This is a really important piece of evidence in this inquest. Of course,
:16:55. > :17:00.the role of the holiday companies is key. It's been discussed already a
:17:01. > :17:05.lot during this inquest, did they provide enough information to the
:17:06. > :17:08.holidaymakers, many of them who booked through Thomson, did they
:17:09. > :17:10.provide sufficient information to the people planning to go to Tunisia
:17:11. > :17:26.at that time? This is Outside Source, live from
:17:27. > :17:32.the BBC Newsroom. Our lead story is: President Trump
:17:33. > :17:35.has signed executive orders to relaunch two controversial oil
:17:36. > :17:38.pipelines in the US. The projects were rejected
:17:39. > :17:42.by Barack Obama following years The Gambian Parliament has skaed
:17:43. > :17:57.the state of emergency imposed last -- scrapped the state of emergency
:17:58. > :18:07.imposed last week by the former President,
:18:08. > :18:14.The new President, Adama Barrow, is expected to return home
:18:15. > :18:18.Organisations that provide sexual Health Services in Africa have
:18:19. > :18:20.criticised President Trump's decision to reinstate a policy
:18:21. > :18:22.that denies them access to American funding.
:18:23. > :18:25.And US authorities have seized $20 million in cash hidden under
:18:26. > :18:35.The money's believed to be linked to a $1 billion pyramid scheme.
:18:36. > :18:56.Stories from the UK, the US and west Africa. Next let's go to Israel.
:18:57. > :19:07.? New homes are going to be built in Israel. The Defence Ministry has
:19:08. > :19:13.said the move is meant to fulfil demand for new housing to maintain
:19:14. > :19:16.regular daily life. The announcement may not be unrelated to the arrival
:19:17. > :19:23.of President Trump in the White House. Mark Lowen can explain. This
:19:24. > :19:31.is the second time in the space of a week that the Israeli government has
:19:32. > :19:34.announced more building in settlements, 2,500 homes to be build
:19:35. > :19:39.in the occupied West Bank announced today. And over the weekend, there
:19:40. > :19:43.was an announcement that over 560 new homes will be built in
:19:44. > :19:46.settlements in occupied east Jerusalem. Both of these
:19:47. > :19:49.announcements coming after the inauguration of Donald Trump. A
:19:50. > :19:53.feeling here that the Israeli government is feeling emboldened,
:19:54. > :19:56.even encouraged by the new administration in the US to build
:19:57. > :20:00.more in the settlements after the relationship between Israel and the
:20:01. > :20:06.US under Barack Obama plummeted, partly over the issue of settlement
:20:07. > :20:11.building. Mr Obama was fiercely opposed to the settlements. He
:20:12. > :20:14.allowed a UN Resolution to pass condemning Israeli building in the
:20:15. > :20:19.settlements. Donald Trump, his son-in-law and pick for US
:20:20. > :20:24.ambassador for Israel have donated to the settlements and will take a
:20:25. > :20:27.more pro-Israeli policy. There is also a feeling that this is done
:20:28. > :20:31.partly for domestic political consumption. The Prime Minister
:20:32. > :20:35.here, Benjamin Netanyahu, is facing a bill challenge at the moment from
:20:36. > :20:39.the -- is facing a big challenge from the far right. He's trying to
:20:40. > :20:43.burnish his credentials by choosing an issue that will go down well with
:20:44. > :20:47.Nationalists. The issue of settlements is so contentious
:20:48. > :20:50.because it violates international law, according to the UN and it is
:20:51. > :20:54.being built in areas that the Palestinians want for a future
:20:55. > :20:59.state, that are going beyond Israel's borders, according to the
:21:00. > :21:03.1967 border demarcation. So the Palestinians have reacted furiously.
:21:04. > :21:07.A spokesman for the Palestinians saying this would foster extremism
:21:08. > :21:11.and terrorism and calling on the international community to take a
:21:12. > :21:15.stand against Israel and against the issue of settlement building.
:21:16. > :21:18.Donald Trump met with executives from the US autoindustry today.
:21:19. > :21:28.We're going to make the process much more simple for the companies and
:21:29. > :21:37.everybody auto else that wants to do business in the United States. I
:21:38. > :21:41.think this you will find this to go from very inhospitable to very
:21:42. > :21:45.hospitable. We will go down as one of the most friend lip companies.
:21:46. > :21:50.Right now it's not. I have friends that want to build in the United
:21:51. > :21:56.States and have to wait years and year and then don't get the
:21:57. > :22:01.approval. Do these car companies like the idea of making cars in the
:22:02. > :22:05.US? It comes at a tricky time. We're seeing a little bit less demand for
:22:06. > :22:07.some cars, but if you talk about cars in the United States, which is
:22:08. > :22:12.really what we're talking about, there is a little bit more demand
:22:13. > :22:16.for SUVs and bigger kinds of cars. It doesn't mean that these car
:22:17. > :22:22.operators need to build new factories. They could revamp the
:22:23. > :22:26.ones they have. It's really interesting to see just how much
:22:27. > :22:29.Donald Trump is speaking directly with corporate America. This is not
:22:30. > :22:34.something we would typically see with an American President. In terms
:22:35. > :22:39.of action, policy that Mr Trump can take in order to encourage these
:22:40. > :22:43.companies to base their manufacturing in the US, what's
:22:44. > :22:47.available to him? What he has said is that he wants to cut back on
:22:48. > :22:51.regulation. So when it comes to regulations in the car industry, it
:22:52. > :22:56.could be anything from taxes, corporate taxes, to anything
:22:57. > :23:00.regarding the environment and emissions or anything limiting in
:23:01. > :23:07.terms of how freely part can travel. And these are some of the issues
:23:08. > :23:11.that the makers have raised auto with Trump in their hour-long
:23:12. > :23:16.meeting in. Terms of what will actually happen, they was short on
:23:17. > :23:18.specifics. When some of the car makers spoke with reporters
:23:19. > :23:22.afterwards they said they believe today was a healthy conversation but
:23:23. > :23:26.no real specifics in terms of what regulations the President is looking
:23:27. > :23:30.to cut. I guess we'll have to give him a little longer to come up with
:23:31. > :23:34.those. Only in the job a few days. Certainly people would like to see
:23:35. > :23:41.them. This is what happened to BT's share price today.
:23:42. > :23:43.down 21%, the biggest slump in the company's history.
:23:44. > :23:46.It's bought BT is writing down the value of its Italian
:23:47. > :23:56.Here's BBC business editor, Simon Jack.
:23:57. > :24:02.It was a real shock, BT's not the kind of company we expect to have
:24:03. > :24:06.profits warnings. It's a very strong company with quite a reliable,
:24:07. > :24:11.dependable and forecastable business. We just don't expect these
:24:12. > :24:15.kind of issues. Why this sudden and very dramatic
:24:16. > :24:19.slump? BT has problems on a number of fronts. Today we learned the
:24:20. > :24:24.accounting scandal in BT's Italian business is much worse than
:24:25. > :24:29.expected. The black hole there has widened from ?145 million to ?530
:24:30. > :24:33.million. Even more worrying for investors, it warned today that
:24:34. > :24:38.profits in its core business will be 175 million lower this year and
:24:39. > :24:42.next. Now that's down to stagnating revenue from some of its biggest
:24:43. > :24:46.customers, who are not renewing major contracts. Today's news is set
:24:47. > :24:51.against an already uncertain back drop for the company. The company is
:24:52. > :24:56.fighting calls from competitors and the regulator to split off its Open
:24:57. > :24:59.Reach network division. It has one of the biggest pension fund deficits
:25:00. > :25:05.and it's been spending big on entertainment. There's a lot of
:25:06. > :25:08.nervousness around BT at the moment, particularly given the ongoing
:25:09. > :25:12.review of Open Reach and the review of pensions due to happen this year.
:25:13. > :25:15.If there's one thing that investors hate, it's uncertainty. Given the
:25:16. > :25:19.amount of uncertainty there is at the moment any knock to BT sees an
:25:20. > :25:24.amplified effect which we've seen with the share price today. Heads
:25:25. > :25:27.have already started to roll. The BBC has learned tonight the head of
:25:28. > :25:32.BT Europe is expected to resign imminently. All this will put
:25:33. > :25:36.pressure on the ultimate boss, who's been in charge during a period of
:25:37. > :25:42.bold expansion for BT. We're in the process of really building our
:25:43. > :25:47.Broadband business... BT expressed disappointment at I vent in --
:25:48. > :25:52.events in Italy. Shareholders will be disappointed today too. When a
:25:53. > :25:55.company as big as BT says its biggest company aren't spending
:25:56. > :25:57.money, it's a worry for the wide ere economy. I'm back in a couple of
:25:58. > :26:02.minutes. Bye-bye.